Charlie is Red Hat's new CFO

BANGALORE: Linux distributor, Red Hat, Inc., has appointed Charles E. Peters, Jr. as Executive Vice President and Chief Financial Officer. Peters, a CPA, brings over 30 years of financial leadership including 20 years in publicly traded companies. Most recently Peters held the position of Chief Financial Officer with multi-national Burlington Industries. Peters' responsibilities as Chief Financial Officer at Red Hat will include accounting, finance, treasury, tax, credit and investor relations.

"Charlie is a seasoned professional with a unique depth and breadth of experience in international finance and publicly traded companies that will help lead Red Hat's next phase of growth," said Matthew Szulik, Chairman and Chief Executive Officer.

Peters began his career with Price Waterhouse in 1973, serving in Boston and London in the audit division. In 1982, he joined GenRad, Inc., an NYSE-listed multi-national manufacturer of scientific test equipment where he served as Chief Financial Officer for six years. In 1991 he joined NYSE-listed Boston Edison Company, a $1.5 billion electric power company serving the Boston area. He was Senior Vice President-Finance of Boston Edison Company from 1991 to 1995.

"Red Hat and open source will continue to make a global impact on how enterprises consume software," said Charlie Peters. "This is an outstanding opportunity. I am pleased to be part of the Red Hat management team and look forward to helping to lead the organization in realizing its market potential." Peters' new position is effective immediately. He will be based at Red Hat's headquarters in Raleigh, NC.